Your Treasury Bills Are 100% Safe From ‘Hair Cut’ - Ofori-Atta

Finance Minister Ken Ofori-Atta said that the government is working hard to "minimize the effect of domestic debt exchange on investors holding government bonds."

In a statement released on Sunday, December 4, 2022, Ofori-Atta told "small investors, individuals, and other vulnerable groups" that their investments are safe. The government plans to release full details about Ghana's domestic debt exchange on Monday.

He said that the goal of the domestic debt exchange is to help bring back stability to the whole economy.

“We are confident that these measures will contribute to restoring macroeconomic stability,” Ofori-Atta said.
Ahead of the full announcement, he said: “Treasury bills are completely exempted and all holders will be paid the full value of their investments on maturity.”
“There will be no haircut on the principal of bonds. Individual holders of bonds will not be affected,” he added.